Brent Oil Price in 2022
The brent oil price rose 10.5% in 2022, from $77.78 at the end of 2021 to $85.91. Its highest close was $127.98 on Mar 8, and its lowest $76.10 on Dec 9. The biggest one-day fall was −13.2% on Mar 9 and the biggest rise +8.8% on Mar 17. Adjusted for inflation, it gained 3.8%.
Brent Oil Price, daily closes 2022
Numbers mark the events belowKey Events in 2022
What happened, and how the Brent oil moved — on the day (or the next trading day) and about a month later.
- 1
Tuesday, January 18 From the dataBack above its pre-bear-market peak of $86.40 (October 26, 2021).
- 2
Thursday, February 24Russia launches a full-scale invasion of Ukraine; Russia's RTS index falls 39%. SourceBrent oil: +2.3% that day · +22.9% a month later
- 3
Monday, March 7 From the dataBack above its pre-bear-market peak of $118.90 (February 8, 2013).
- 4
Tuesday, March 8President Biden announces a ban on US imports of Russian oil. SourceBrent oil: +3.9% that day · −13.4% a month later
- 5
Wednesday, March 9 From the dataBiggest one-day fall of the year: −13.2%.
- 6
Tuesday, March 15 From the dataEnters a bear market: 20% below its peak of $127.98 (March 8, 2022).
- 7
Wednesday, March 16 From the dataBear market low: $98.02, 23.4% below the peak.
- 8
Thursday, March 17 From the dataBiggest one-day rise of the year: +8.8%.
- 9
Wednesday, August 3 From the dataEnters a bear market: 20% below its peak of $123.58 (June 8, 2022).
Biggest days of 2022
| Best days | Worst days | ||
|---|---|---|---|
| Mar 17 | +8.8% | Mar 9 | −13.2% |
| Mar 2 | +7.6% | Aug 1 | −9.1% |
| Mar 21 | +7.1% | Jul 5 | −7.9% |
| Mar 4 | +6.9% | Jul 12 | −7.1% |
| Apr 12 | +6.3% | Mar 28 | −6.8% |
Volatility: 46.2% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $91.21 | +17.3% |
| Feb | $100.99 | +10.7% |
| Mar | $107.91 | +6.9% |
| Apr | $109.34 | +1.3% |
| May | $122.84 | +12.3% |
| Jun | $114.81 | −6.5% |
| Jul | $110.01 | −4.2% |
| Aug | $96.49 | −12.3% |
| Sep | $87.96 | −8.8% |
| Oct | $94.83 | +7.8% |
| Nov | $85.43 | −9.9% |
| Dec | $85.91 | +0.6% |
Other Markets in 2022
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Brent Oil Price | +10.5% | $85.91 |
| Dow Jones Industrial Average in 2022 | −8.8% | 33,147.25 |
| S&P 500 in 2022 | −19.4% | 3,839.50 |
| Nasdaq Composite in 2022 | −33.1% | 10,466.48 |
| Russell 2000 in 2022 | −21.6% | 1,761.25 |
| Nikkei 225 in 2022 | −9.4% | 26,094.50 |
| Gold in 2022 | −0.1% | $1,826.20 |
| Silver in 2022 | +2.3% | $23.86 |
| WTI crude oil in 2022 | +6.7% | $80.26 |
| US 10-year Treasury yield in 2022 | +2.37 pp | 3.88% |
Brent Oil Price in 2022: FAQ
How much did the brent oil price rise in 2022?
The brent oil price rose 10.5% in 2022, from $77.78 at the end of 2021 to $85.91. Its highest close was $127.98 on Mar 8, and its lowest $76.10 on Dec 9. The biggest one-day fall was −13.2% on Mar 9 and the biggest rise +8.8% on Mar 17. Adjusted for inflation, it gained 3.8%.
What were the highest and lowest closes of the brent oil price in 2022?
Highest: $127.98 on March 8, 2022. Lowest: $76.10 on December 9, 2022. It closed higher on 132 of 251 trading days.
What happened to the brent oil price on March 8, 2022?
President Biden announces a ban on US imports of Russian oil. The brent oil price rose 3.9% that day, and was −13.4% a month later.
Data: Europe Brent spot price (EIA) from 1987, ICE Brent futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026brentoilpricein, author = {{Corgano}}, title = {Brent Oil Price in 2022}, howpublished = {\url{https://goldprice.corgano.com/market-history/oil-brent/2022}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}